Bitcoin Halving Day Draws Nigh: Prepare to fall to your knees and shake your fist to the heavens, a terrible mil...

Prepare to fall to your knees and shake your fist to the heavens, a terrible milestone is upon us, one that will forever change the fabric of an entire community. It’s not the Mayan doomsday—it’s Bitcoin halving day. Within a day or two, the reward for block solutions in the Bitcoin block chain will be halved from 50 to 25 BTC. If you’d like to follow along take a look at the Bitcoin Clock . Many of my readers will probably already know how Bitcoin coins are produced but we might as well go through a little refresher to explain “halving day.” Bitcoins are produced by the solution to extremely complex mathematical problems and these represent “blocks” in the coin chain that relate directly to how the cryptocurrency is delivered. Due to the difficulty of these mathematical problems it puts a rate limit on how many coins can be “mined.” Every 210,000 block solutions and the s...